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Author Topic: when does btc-e require your verification?  (Read 1523 times)
CocoBongo (OP)
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November 01, 2014, 06:41:25 PM
 #1

have quite some bitcoins when i bought them back in 2009 now i want to liquidate some of them
and transfer them into my bank account

i am living in the domenican republic and have a bank account here

at what ammount do they want verification or do they ever ask?

(if yes I want to have my papers ready)
CocoBongo (OP)
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November 01, 2014, 07:44:50 PM
 #2

is there an angel that is willing to help?
moni3z
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November 01, 2014, 08:14:27 PM
Last edit: November 01, 2014, 08:38:18 PM by moni3z
 #3

Ask their support when you log in
It depends on how they pay you, a large bank transfer they probably need verification.

If I were you I'd only trust an entity with an address and verified owners though, sure BTC-E has been around and has reputation but that doesn't mean tomorrow they couldn't disappear into Russia/Bulgaria with everybody's coins and you'd never see them again. There's cash traders there if you want https://localbitcoins.com/ad/109775/sell-bitcoins-for-cash-cure-dominican-republic-av-leopoldo-navarro-129-santo-domingo-10203-dominican-republic
Argwai96
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November 01, 2014, 09:31:16 PM
 #4

Ask their support when you log in
It depends on how they pay you, a large bank transfer they probably need verification.

If I were you I'd only trust an entity with an address and verified owners though, sure BTC-E has been around and has reputation but that doesn't mean tomorrow they couldn't disappear into Russia/Bulgaria with everybody's coins and you'd never see them again. There's cash traders there if you want https://localbitcoins.com/ad/109775/sell-bitcoins-for-cash-cure-dominican-republic-av-leopoldo-navarro-129-santo-domingo-10203-dominican-republic
btc-e is in a very unique situation. You are correct to say their owners are unknown and as a result you are taking on additional risks because of this. However you are also preventing yourself from being exposed to certain risks (for example btc-e likely has very little regulatory risks, so the government likely is not able to seize the funds in your account).
haploid23
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November 01, 2014, 09:31:52 PM
 #5

have quite some bitcoins when i bought them back in 2009

2009 huh? Now I just don't believe you. BTC was not traded much in 2009, so I'm pretty sure you didn't buy any that early. They were mined just to keep the network afloat, but not traded.

bitnanigans
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November 01, 2014, 09:36:25 PM
 #6

I haven't seen them require user verification for anything. But you can always confirm from their support.
Domino
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November 02, 2014, 08:43:09 AM
 #7

https://btc-e.com/page/1
Quote
Identity verification

Required in case you choose to load your account by wire transfer.To comply with AML/CTF recommendations, we require our clients to verify identity by providing scanned copy of ID and scanned copy of utility bill or a bank statement which should not be older then 6 month. Copy should be in good resolution and colored.

So, it seems you need to complete the verification only if you choose to deposit fiat money with wire transfer.

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